The Baltic Exchange's main sea freight index gained on Friday, and notched a weekly rise, on stronger rates across all vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels, rose by 50 points, or 4…
CMA-CGM, the world's fourth-largest container shipping line, has told customers it will not take bookings for cargo due to arrive at ports in southern China over several weeks in early 2021 due to a suspension of service by feeder operators…
Swedish tanker shipping company Concordia Maritime has named Martin Nerfeldt as the new CFO and member of Group management. He will replace the current CFO Ola Helgesson, who has decided to leave his position to take on new challenges.Nerfeldt…
Mobile satellite communications company Inmarsat confirmed commercial service introduction (CSI) of its newest, most powerful geostationary satellite to date. GX5 is the 14th satellite currently in service with Inmarsat and provides additional…
Low water levels after dry weather in the past month continue to prevent cargo vessels from sailing fully loaded on the river Rhine in Germany, traders said on Thursday.Low water is hampering shipping throughout the river, especially around Cologne…
The Duluth Seaway Port Authority last week finalized acquisition of the Duluth Lake Port dock on Rice’s Point.Located immediately northwest of the Port Authority’s First Clure Terminal Expansion, but separated from it by the Azcon Metals recycling property…
Lebanon's investigating judge has charged caretaker Prime Minister Hassan Diab and three former ministers with negligence over the Beirut port blast that killed 200 people and ruined a swathe of the capital in August.The others are former finance minister Ali Hassan Khalil…
The Port of Gdynia Authority (PGA) in Poland has recently launched a formal procedure to select a private partner for the construction of the outer port in the Port of Gdynia.The project is a strategic investment of the Port of Gdynia Authority S…
The Baltic Exchange launched a new service for shipping investors, designed to provide a five-year snapshot view of the financial prospects of dry bulk carriers.The Baltic Exchange Investor Indices are designed to be an easy-to-use online dashboard…
Due to a confluence of factors, COVID-19 has adversely impacted merchant mariners more than virtually any other profession. The merchant marine is an international profession from a wide variety of countries, so there is no one nation standing up to represent them…
In 2018, Havyard Design & Solutions won a contract for the delivery of two ship designs to Royal Arctic Line A/S. Reefer vessel design was a new segment for Havyard and the first of the two ships, ‘Siuana Arctica’, has now been delivered from the Astilleros Zamakona yard in Spain…
Sperry Marine and DNV GL signed a strategic agreement to enable vessels to securely share their navigation data for use in DNV GL's digital classification services and obtain real-time class status of the navigation systems.The agreement seeks…
Mitsubishi Shipbuilding Participating in 'Planning and Design Center for Greener Ships' focussed on R&D toward Achieving Decarbonized Shipping, and on December 10, 2020, a presentation was held in Yokohama to announce the establishment of the Center…
Two topics – ballast water management systems and digitalization – have dominated the maritime industry this century. Alfa Laval helps meld the two, and MPC Container Ships ASA (MPCC) lead the way. The Oslo-listed company owns and operates 65 container vessels…
China's world-beating economic rebound from the coronavirus pandemic is being blunted by a global shortage of shipping containers, sending cargo costs to record highs and hampering manufacturers in filling fast-recovering global goods orders…